๐ Chainlink ($LINK ) price headed for $38 in January: 3 reasons why ๐
๐ค๐ป Chainlink could team up with BlackRock
Chainlink has partnered with World Liberty Financial, a Trump-supported DeFi platform, and there are rumors of a potential collaboration with BlackRock, the world's largest asset manager.
Such an alliance could validate Chainlink's oracle services, drawing more institutional investors to $LINK .
This speculation might propel Chainlink's price to $38, a 70% increase from current levels by January.
๐ Whales have been loading up on LINK
Chainlink's price fell to $20 during a general market downturn on Monday, but whales capitalized on this, buying over $40 million in LINK, betting on its future profitability by 2025.
Trading volume surged from over $800 million to over $1 billion, suggesting potential for the price to exceed $35 in January.
๐ LINK technicals point upwards
Chainlink ($LINK ) is currently in an ascending channel, showing a pattern of higher highs and lows since late November.
Analysts predict it could reach $38 next month. The token is nearing its 50-day moving average on the 4-hour chart, and a break above $25 might lead to further gains, supported by an RSI of 45, indicating it's not overbought and could rise in January.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
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